Can the purchase of a new home be compared to the purchase of a new car?
A new car loses part of its initial value as soon as it is driven off the lot. Is this also applicable to real estate, and if it is, should you be concerned?
The development and new construction market, for a couple of years now has been sluggish. However, new constructions are now able to access lending from banks and the developers are in full gear with regard to building. Indeed, new homes in Port Coquitlam are coming up and new home builders in Port Coquitlam are taking advantage of this. In San Francisco, New York and other major cities, there are a number of new projects which are in various phases of planning, development, construction and sale. In the country and suburbs, national home builders having large land parcels are getting ready to work on communities of new homes, as evidenced with the new developments Port Coquitlam and the environs.
